Clal Insurance Enterprises Holdings Ltd bought a new stake in Global X Defense Tech ETF (NYSEARCA:SHLD – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,700,000 shares of the company’s stock, valued at approximately $120,428,000. Clal Insurance Enterprises Holdings Ltd owned about 1.43% of Global X Defense Tech ETF at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SHLD. Harel Insurance Investments & Financial Services Ltd. grew its position in Global X Defense Tech ETF by 151.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,645,365 shares of the company’s stock worth $329,078,000 after purchasing an additional 2,795,100 shares during the last quarter. Sanctuary Advisors LLC lifted its position in Global X Defense Tech ETF by 41.1% during the 1st quarter. Sanctuary Advisors LLC now owns 770,947 shares of the company’s stock worth $54,614,000 after acquiring an additional 224,582 shares during the period. Decker Wealth Management LLC purchased a new position in shares of Global X Defense Tech ETF in the 1st quarter valued at approximately $14,044,000. Triad Wealth Partners LLC grew its stake in shares of Global X Defense Tech ETF by 112.9% in the 1st quarter. Triad Wealth Partners LLC now owns 214,036 shares of the company’s stock valued at $15,162,000 after purchasing an additional 113,480 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new position in shares of Global X Defense Tech ETF in the first quarter valued at approximately $6,698,000. Institutional investors and hedge funds own 57.57% of the company’s stock.
Global X Defense Tech ETF Stock Up 0.4%
Shares of Global X Defense Tech ETF stock opened at $60.25 on Wednesday. Global X Defense Tech ETF has a 52-week low of $57.89 and a 52-week high of $78.49. The company’s 50-day simple moving average is $62.76 and its 200-day simple moving average is $69.54. The firm has a market cap of $6.76 billion, a price-to-earnings ratio of -4.98 and a beta of 0.29.
About Global X Defense Tech ETF
The Global X Defense Tech ETF (SHLD) is an exchange-traded fund that is based on the Global X Defense Tech index. The fund tracks a modified market-cap weighted index of the top 50 pure-play defense technology companies from around the world. These companies are considered best positioned to benefit from increased governmental defense spending. SHLD was launched on Sep 11, 2023 and is issued by Global X.
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